It is considered the basis for profitability in a competitive market. Information technology as a competitive advantages to global business. ... Technology has accelerated this effect as many industries are driven by customer reviews. Journal of Management Information Systems: Vol. The efficiency with which a firm manages its information determines its success in the marketplace. Competitive advantages are in most cases guarded jealously. (2005). Apple. Can information technology be a source of competitive advantage @inproceedings{Breznik2012CanIT, title={Can information technology be a source of competitive advantage}, author={Lidija Breznik}, year={2012} } Choose the IT resources that will blow your competition out of the water. Nowdays, information system and ICT is very important that can be used to implement the organization strategies to achieve competitive advantage. In short, your healthcare IT can become a strong competitive advantage—if, that is, ... implement, extend, and sustain enterprise information technology systems. Billions of dollars have been spent on computer hardware, software, network communications, and all the other requirements of having world-class technology. A competitive advantage is a capability or position that allows you to outperform competitors. 253-277 CrossRef View Record in Scopus Google Scholar In December 1, 2016; I was talking with a few executives recently about their information technology (IT) systems and the staff that support these systems. Above are the top 5 ways your business can use technology to gain competitive advantage. Information Technology Positioning Nike Company for Competitive Advantage Introduction: The use of information technology (IT) in the modern times can be found to provide huge benefits in the functioning of an organization. Information technology in its various forms is well placed to assist education institutions to become more competitive within international markets. Corpus ID: 58887292. 5.2 Competitive advantages from IT’s implementation In this dynamically moving business environment it is a challenge for companies and organizations to sustain their competitiveness. Information technology also is closely associated with attempt to improve the business value of investment. Information System and Information Technology (IS/IT) has become the core feature for many business successes in the globe. The results indicate that the overall strategy of the lodging firm in fluences the impact of information technology on competitive advantage. Evidently, the … 22, No. Accenture. Today by integrating IT systems in its everyday operations, IKEA has empowered its grounds in the market as these systems provide best information that the company needs to do its task more effectively. However, with technology in a constant state of flux and constantly unlocking new opportunities to improve customer satisfaction and boost internal efficiency, hotels have their task cut out leveraging technology to remain one-up on competition. Competitive advantage refers to the attributes that allow a company to produce cheaper or better quality products than its competitors. Unit 1: Information Technology and Competitive Advantage Organizations have been using information technology for the past 50-plus years. Constructing a Competitive Advantage. This is because if exposed, other businesses can use the information to gain an advantage over the company that had this competitive advantage. 13. Information Technology and Sustained Competitive Advantage: A Resource-Based Analysis By: Francisco J. Mata Department of Business Analysis & Research Graduate School of Business Texas A&M University College Station, TX 77843-4217 U.S.A. William L. 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